{"id":77380,"date":"2024-06-10T11:31:49","date_gmt":"2024-06-10T11:31:49","guid":{"rendered":"https:\/\/www.teka.com\/en-ae\/?p=77380"},"modified":"2024-06-10T11:31:49","modified_gmt":"2024-06-10T11:31:49","slug":"heritage-b-announces-the-successful-divestment-of-teka-group-to-midea","status":"publish","type":"post","link":"https:\/\/www.teka.com\/en-ae\/news\/heritage-b-announces-the-successful-divestment-of-teka-group-to-midea\/","title":{"rendered":"HERITAGE B announces the successful divestment of Teka Group to Midea"},"content":{"rendered":"

Madrid, June 7th, 2024<\/em>. After the conclusion of a competitive sales process, HERITAGE B has reached
\nan agreement to divest Teka Group to Midea Group. The transaction will enable Teka to enhance its
\ncompetitive position, whilst safeguarding the legacy of a brand with over 100 years of history. The
\ndeal is subject to the required approvals by relevant regulators. The closing of the transaction is
\nexpected in the coming months.<\/p>\n

Teka Group is specialized in the design and manufacture of household appliances and sinks. With
\npresence in over 120 countries, a team of nearly 3,000 professionals and 10 factories in Europe,
\nAsia, and America, Teka produces over 3 million products each year.<\/p>\n

This transaction, which will enable Teka to continue driving its growth and consolidation to compete
\nglobally, includes all operations related to appliances and sinks and the group’s three brands: Teka,
\nthe leading brand in comprehensive kitchen solutions, celebrating its 100th anniversary in 2024;
\nK\u00fcppersbusch, the high-end household appliance brand founded in 1875 in the Ruhr region
\n(Germany); and Intra, the Scandinavian-origin timeless design brand specializing in home solutions.<\/p>\n

Founded in 1968, Midea is a listed technology group with more than 190,000 employees worldwide.
\nHeadquartered in Foshan, Guangdong province (China), the Asian group closed 2023 with a turnover
\nof 48 billion euros. Midea’s business activities include household appliances, air conditioning
\nproducts, services and components for industry, robotics and automation.<\/p>\n

Midea Group will increase Teka Group\u2019s capabilities in different strategic and operational areas,
\nenhancing the company\u2019s competitiveness in an increasingly complex and dynamic market. \u201cWe are <\/em>
\nvery satisfied with the agreement reached. Having the opportunity of being part of Midea Group will <\/em>
\nensure a promising future for the company and its brands. It will allow the Group to improve its <\/em>
\ncapacity for innovation, manufacturing, and synergetic international expansion. Most of all, the main <\/em>
\nstrategic value purpose of Midea Group, \u201cHumanizing Technology\u201d, is aligned with Teka\u2019s belief <\/em>
\nrelated to technology development towards the customer and environmental needs.\u201d<\/em>, explained
\nMauro Correia, CEO of Teka Group.<\/p>\n

Teka Group closed 2023 with c.\u20ac600m of gross sales and an adjusted EBITDA margin of 7%, a
\nparticularly positive and resilient profit performance despite post-Covid market adjustments, and
\nsupply chain issues amongst others. This figure demonstrates the company\u2019s strength and the solid
\nrelation with all stakeholders around the world: customers and clients, distributors, suppliers and
\nfinance partners.<\/p>\n

HSBC is acting as exclusive financial advisor and Ashurst is acting as legal advisor to Heritage B.<\/p>\n

About Teka Group<\/strong>
\nTeka Group is a multinational group founded in 1924 in Germany, currently present in more than 100 countries, <\/em>
\nspecializing in the design and manufacture of household appliances and stainless-steel sinks. Among its kitchen <\/em>
\nproducts are ovens, cooktops, hoods and sinks. The group maintains a strong commitment to design and <\/em>
\ncontinuous innovation, which has allowed it to obtain 34 awards in this field in the last two years. Its main brands <\/em>
\nare Teka, K\u00fcppersbusch, and Intra.
\n<\/em>
\nAbout Midea Group<\/strong>
\nFounded in 1968, Midea Group is a listed technology group with more than 190,000 employees worldwide <\/em>
\nheadquartered in Foshan (China). With a turnover of 48 billion euros in 2023, the group’s commercial activities <\/em>
\ninclude household appliances, air conditioning products, services and components for industry, robotics and <\/em>
\nautomation.<\/em><\/p>\n

\n

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\u0623\u063a\u0644\u0642\u062a \u0645\u062c\u0645\u0648\u0639\u0629 \u062a\u064a\u0643\u0627\u00a0 \u0639\u0627\u0645 2023 \u0628\u0625\u062c\u0645\u0627\u0644\u064a \u0645\u0628\u064a\u0639\u0627\u062a \u062a\u0642\u062f\u0631 \u0628\u0646\u062d\u0648 600 \u0645\u0644\u064a\u0648\u0646 \u064a\u0648\u0631\u0648 \u0648\u0647\u0627\u0645\u0634 \u0627\u0644\u0627\u0631\u0628\u0627\u062d \u0642\u0628\u0644 \u0627\u0644\u0641\u0648\u0627\u0626\u062f \u0627\u0644\u0645\u0639\u062f\u0644 \u0628\u0646\u0633\u0628\u0629 7%\u060c \u0623\u062f\u0627\u0621 \u0631\u0628\u062d\u064a \u0625\u064a\u062c\u0627\u0628\u064a \u0648\u0642\u0648\u064a \u0639\u0644\u0649 \u0648\u062c\u0647 \u0627\u0644\u062e\u0635\u0648\u0635 \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0627\u0644\u062a\u0643\u064a\u0641\u0627\u062a \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0628\u0639\u062f \u062c\u0627\u0626\u062d\u0629 \u0643\u0648\u0641\u064a\u062f-19\u060c \u0648\u0645\u0634\u0627\u0643\u0644 \u0633\u0644\u0633\u0644\u0629 \u0627\u0644\u062a\u0648\u0631\u064a\u062f \u0648\u063a\u064a\u0631\u0647\u0627. \u0647\u0630\u0627 \u0627\u0644\u0631\u0642\u0645 \u064a\u0638\u0647\u0631 \u0642\u0648\u0629 \u0627\u0644\u0634\u0631\u0643\u0629 \u0648\u0627\u0644\u0639\u0644\u0627\u0642\u0629 \u0627\u0644\u0645\u062a\u064a\u0646\u0629 \u0645\u0639 \u062c\u0645\u064a\u0639 \u0623\u0635\u062d\u0627\u0628 \u0627\u0644\u0645\u0635\u0644\u062d\u0629 \u0641\u064a \u062c\u0645\u064a\u0639 \u0623\u0646\u062d\u0627\u0621 \u0627\u0644\u0639\u0627\u0644\u0645: \u0627\u0644\u0639\u0645\u0644\u0627\u0621 \u0648\u0627\u0644\u0645\u0648\u0632\u0639\u064a\u0646 \u0648\u0627\u0644\u0645\u0648\u0631\u062f\u064a\u0646 \u0648\u0634\u0631\u0643\u0627\u0621 \u0627\u0644\u062a\u0645\u0648\u064a\u0644.<\/p>\n

\u064a\u0639\u0645\u0644 \u0628\u0646\u0643 \u0627\u062a\u0634 \u0627\u0633 \u0628\u064a \u0633\u064a \u00a0\u0643\u0645\u0633\u062a\u0634\u0627\u0631 \u0645\u0627\u0644\u064a \u062d\u0635\u0631\u064a \u0648\u062a\u0639\u0645\u0644 \u0634\u0631\u0643\u0629 \u0623\u0634\u0631\u0633\u062a \u0643\u0645\u0633\u062a\u0634\u0627\u0631 \u0642\u0627\u0646\u0648\u0646\u064a \u0644\u0640 \u0647\u064a\u0631\u062a\u0627\u062c \u0628\u064a .<\/p>\n

\u0639\u0646 \u0645\u062c\u0645\u0648\u0639\u0629 \u062a\u064a\u0643\u0627 :<\/u><\/strong><\/p>\n

\u0645\u062c\u0645\u0648\u0639\u0629 \u062a\u064a\u0643\u0627\u00a0 \u0647\u064a \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u062a\u0639\u062f\u062f\u0629 \u0627\u0644\u062c\u0646\u0633\u064a\u0627\u062a \u062a\u0623\u0633\u0633\u062a \u0641\u064a \u0639\u0627\u0645 1924 \u0641\u064a \u0623\u0644\u0645\u0627\u0646\u064a\u0627\u060c \u0648\u062a\u0648\u062c\u062f \u062d\u0627\u0644\u064a\u064b\u0627 \u0641\u064a \u0623\u0643\u062b\u0631 \u0645\u0646 100 \u062f\u0648\u0644\u0629\u060c \u0645\u062a\u062e\u0635\u0635\u0629 \u0641\u064a \u062a\u0635\u0645\u064a\u0645 \u0648\u062a\u0635\u0646\u064a\u0639 \u0627\u0644\u0623\u062c\u0647\u0632\u0629 \u0627\u0644\u0645\u0646\u0632\u0644\u064a\u0629 \u0648\u0627\u0644\u0623\u062d\u0648\u0627\u0636 \u0645\u0646 \u0627\u0644\u0641\u0648\u0644\u0627\u0630 \u0627\u0644\u0645\u0642\u0627\u0648\u0645 \u0644\u0644\u0635\u062f\u0623. \u0645\u0646 \u0628\u064a\u0646 \u0645\u0646\u062a\u062c\u0627\u062a\u0647\u0627 \u0644\u0644\u0645\u0637\u0627\u0628\u062e: \u0627\u0644\u0623\u0641\u0631\u0627\u0646 \u0648\u0623\u0633\u0637\u062d \u0627\u0644\u0637\u0647\u064a \u0648\u0627\u0644\u0645\u062f\u0627\u062e\u0646 \u0648\u0627\u0644\u0623\u062d\u0648\u0627\u0636. \u062a\u062d\u0627\u0641\u0638 \u0627\u0644\u0645\u062c\u0645\u0648\u0639\u0629 \u0639\u0644\u0649 \u0627\u0644\u062a\u0632\u0627\u0645 \u0642\u0648\u064a \u0628\u0627\u0644\u062a\u0635\u0645\u064a\u0645 \u0648\u0627\u0644\u0627\u0628\u062a\u0643\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0645\u0631\u060c \u0645\u0645\u0627 \u0633\u0645\u062d \u0644\u0647\u0627 \u0628\u0627\u0644\u062d\u0635\u0648\u0644 \u0639\u0644\u0649 34 \u062c\u0627\u0626\u0632\u0629 \u0641\u064a \u0647\u0630\u0627 \u0627\u0644\u0645\u062c\u0627\u0644 \u062e\u0644\u0627\u0644 \u0627\u0644\u0633\u0646\u062a\u064a\u0646 \u0627\u0644\u0645\u0627\u0636\u064a\u062a\u064a\u0646. \u0648\u062a\u0634\u0645\u0644 \u0639\u0644\u0627\u0645\u0627\u062a\u0647\u0627 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u062a\u064a\u0643\u0627\u00a0 \u0643\u0648\u0628\u0631\u0628\u0648\u062a\u0634 <\/em><\/p>\n

\u0639\u0646 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u064a\u062f\u064a\u0627 :<\/u><\/strong><\/p>\n

\u062a\u0623\u0633\u0633\u062a \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u064a\u062f\u064a\u0627\u00a0 \u0641\u064a \u0639\u0627\u0645 1968\u060c \u0648\u0647\u064a \u0645\u062c\u0645\u0648\u0639\u0629 \u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0645\u062f\u0631\u062c\u0629 \u062a\u0636\u0645 \u0623\u0643\u062b\u0631 \u0645\u0646 190,000 \u0645\u0648\u0638\u0641 \u062d\u0648\u0644 \u0627\u0644\u0639\u0627\u0644\u0645\u060c \u064a\u0642\u0639 \u0645\u0642\u0631\u0647\u0627 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0641\u064a \u0641\u0648\u0634\u0627\u0646 (\u0627\u0644\u0635\u064a\u0646). \u0628\u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0628\u0644\u063a\u062a 48 \u0645\u0644\u064a\u0627\u0631 \u064a\u0648\u0631\u0648 \u0641\u064a \u0639\u0627\u0645 2023\u060c \u062a\u0634\u0645\u0644 \u0627\u0644\u0623\u0646\u0634\u0637\u0629 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0644\u0644\u0645\u062c\u0645\u0648\u0639\u0629 \u0627\u0644\u0623\u062c\u0647\u0632\u0629 \u0627\u0644\u0645\u0646\u0632\u0644\u064a\u0629 \u0648\u0645\u0646\u062a\u062c\u0627\u062a \u0627\u0644\u062a\u0643\u064a\u064a\u0641 \u0648\u0627\u0644\u062e\u062f\u0645\u0627\u062a \u0648\u0627\u0644\u0645\u0643\u0648\u0646\u0627\u062a \u0644\u0644\u0635\u0646\u0627\u0639\u0629 \u0648\u0627\u0644\u0631\u0648\u0628\u0648\u062a\u0627\u062a \u0648\u0627\u0644\u0623\u062a\u0645\u062a\u0629.<\/em><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Madrid, June 7th, 2024. After the conclusion of a competitive sales process, HERITAGE B has reached an agreement to divest Teka Group to Midea Group. The transaction will enable Teka to enhance its competitive position, whilst safeguarding the legacy of a brand with over 100 years of history. The deal is subject to the required […]<\/p>\n","protected":false},"author":161,"featured_media":77381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[597,613],"tags":[],"class_list":["post-77380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","category-news"],"acf":[],"yoast_head":"\nHERITAGE B announces the successful divestment of Teka Group to Midea | Teka Middle East<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teka.com\/en-ae\/news\/heritage-b-announces-the-successful-divestment-of-teka-group-to-midea\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HERITAGE B announces the successful divestment of Teka Group to Midea | Teka Middle East\" \/>\n<meta property=\"og:description\" content=\"Madrid, June 7th, 2024. After the conclusion of a competitive sales process, HERITAGE B has reached an agreement to divest Teka Group to Midea Group. The transaction will enable Teka to enhance its competitive position, whilst safeguarding the legacy of a brand with over 100 years of history. The deal is subject to the required […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.teka.com\/en-ae\/news\/heritage-b-announces-the-successful-divestment-of-teka-group-to-midea\/\" \/>\n<meta property=\"og:site_name\" content=\"Teka Middle East\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T11:31:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.teka.com\/en-ae\/wp-content\/uploads\/sites\/12\/2024\/06\/Acuerdo-de-venta-de-Teka-Group-a-M.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mquintana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mquintana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.teka.com\\\/en-ae\\\/news\\\/heritage-b-announces-the-successful-divestment-of-teka-group-to-midea\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.teka.com\\\/en-ae\\\/news\\\/heritage-b-announces-the-successful-divestment-of-teka-group-to-midea\\\/\"},\"author\":{\"name\":\"mquintana\",\"@id\":\"https:\\\/\\\/www.teka.com\\\/en-ae\\\/#\\\/schema\\\/person\\\/d65d9d7e3cc97a9d5c89ac3848d78b92\"},\"headline\":\"HERITAGE B announces the successful divestment of Teka Group to 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